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Cormark Predicts Lower Earnings for Toronto-Dominion Bank

Toronto-Dominion Bank logo with Financial Services background

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Cormark cut their FY2025 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Friday, February 28th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $7.71 for the year, down from their previous estimate of $7.76. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

A number of other equities analysts have also recently issued reports on TD. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and increased their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. National Bankshares dropped their price target on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Desjardins downgraded Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a report on Thursday, December 5th. Barclays lowered Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Finally, Scotiabank cut their target price on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus target price of C$88.83.

Check Out Our Latest Report on Toronto-Dominion Bank

Toronto-Dominion Bank Price Performance

Shares of TSE TD traded down C$0.23 during trading hours on Monday, reaching C$86.41. The stock had a trading volume of 5,089,863 shares, compared to its average volume of 8,423,382. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The business's fifty day moving average is C$81.46 and its two-hundred day moving average is C$80.70. The company has a market cap of C$151.60 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.86%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 80.84%.

About Toronto-Dominion Bank

(Get Free Report)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

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Earnings History and Estimates for Toronto-Dominion Bank (TSE:TD)

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